So if I am out to scam the media and a bunch of VC's of investment money, isn't some of the blame also on the people who are also not doing their due diligence to see if there is any merit to the company? Or is everyone blinded by raw greed? Yes Meredith may have done her bit to keep this unicorn alive but look at how our system rewarded this behaviour. Media with no objective reporting, paid ads and bait click to get people to click on this " miracle" technology, investors who have not done any homework to see if it is possible and whether it is even practical.
Like I said, Meredith probably did not know enough to maliciously single handedly defraud people. She was just naive and expected other people who are much smarter than her in the field to solve the problem (that isn't even a practical one to solve for this application at least). Just look at her twitter photos feed, she seems to be having the time of her life involved with all this fame and fortune, tied up in meeting after meeting raising money and probably lost total sight of the goal... She was focusing on inspirational talks to young people, appearances on shows, interviews, getting investors, and meanwhile waiting for her engineers back home to actually come up with something.
At the end of the day, if a few more rich greedy investors lose their money then it's a lesson they learned. It means that the next time some ridiculous idea like this comes along, they might hire a few more independent experts to validate it before investing. Maybe they should consult the EEVBLOG community first and have Dave do a critical assessment early on in the development.
I have more of a problem with solar roadways which is using taxpayer money, Airing which is preying on crowd funding from a medically vulnerable population (sleep apnea) which could potentially kill people. At least batterizer seems to have died, the rational scientific debate won over the hyperbole train, but not before scamming a bunch of people. As bad as uBeam is, I can show you many more examples that are worse. Kind of a sad statement on the whole investment startup scene. Then again, these worst examples tend to get more attention so the may be many success stories we don't focus on.
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